29 February 2016: EU and Canada agree to amend disputed ISDS clause in CETA treaty
The European Commission and Canada have agreed to change the so called Investor-State Disupute Settlement (ISDS) clause of the EU-Canada Comprehensive Economic and Trade Agreement (CETA). The Agreement was already concluded back in August 2014, but following increased critique of the bigger Transatlantic Trade and Investment Pact (TTIP) Agreement with the US that included a similar clause, the risk arose that the deal with Canada would be struck down in the European Parliament and that the TTIP would suffer a similiar fate in a future vote. The ''disputed'' clause was said according to critiques to give big companies to much power and take away power from states. Both the the mainstream left wing and right wing parties of the European Parliament welcomed the deal, although there is still critique that despite the changes, big companies are still given to much power due to this deal.
